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Re� 6.1. B. - 187 Jency of the City of Redwood City
<br /> Notes to Basic Financial Statements, Continued
<br /> For the year ended June 30, 2011
<br /> 4. CAPITAL ASSETS
<br /> The Agency's capital assets at Jw1e 30, 2011 comprise:
<br /> Balance Balance
<br /> Asset Type July 1, 2010 Additions Disposal Transfers June 3Q 2011
<br /> Non-depreciable Assete:
<br /> Land $ 3,126,664 $ - $ (3,126,664) $ - $ -
<br /> Construction in progress 404,724 12,793 - (292,678) 124,839
<br /> Total non-depreciated assete 3,531,388 12,793 (3,126,664) (292,678) 124,839
<br /> Depreciable Assete:
<br /> Machinery and equipment 942,698 1Q546 - - 953,244
<br /> Less accumulated depreciation
<br /> on machinery and equipment (165,456) (48,919) - - (214,375)
<br /> Improvements other than buildings 12,938,825 - - 292,678 13,231,503
<br /> Less accumulated depreciation
<br /> on improvements other than buildings (891,777) (348,747) - - (1,24Q524)
<br /> Traffic signals 208,691 - - 208,691
<br /> Less accumulated depreciation
<br /> on traffic signals (15,652) (1Q435) - - (26,087)
<br /> Storm drains 4,101,302 - - - 4,101,302
<br /> Less accumulated depreciation
<br /> on storm drains (666,463) (102,533) - - (768,996)
<br /> Total depreciable assete 16,452,168 (50Q088) - 292,678 16,244,758
<br /> Total capital assete, net $ 19,983,556 $ (487,295) $ (3,126,664) $ - $ 16,369,597
<br /> Depreciation expense of $510,634 was charged to Community Development Program based on its usage of
<br /> t11e related assets.
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